COVID-19 is changing the way Americans eat.
Before the pandemic, Americans spent more of their food budgets on away-from-home dining than on food retail.
(Food retail comprises all non-restaurant food purchased at a location and consumed off premises, such as food from grocery stores and convenience stores.)
In 2018, U.S. consumers spent $931 billion on away-from-home dining. And 73% of that went to restaurants. That was up almost 30% from the decade before.
But quarantine lockdowns have shifted that trend. As you can see below, more than 40% of shoppers say they are cooking more meals at home than they were pre-pandemic.
In March, “monthly …read more